Mixed-Use Income Producing Property - Strong Cash Flow with ParkingExceptional opportunity to own a well-maintained mixed-use building generating $7,255 in monthly income ($87,060 annually). This property offers a balanced combination of residential and commercial income streams, making it ideal for both investors and owner-operators.The building features two residential units and one commercial storefront, along with a finished basement currently utilized by the commercial tenant, providing additional usable space and value.The first residential unit is a spacious 3-bedroom apartment generating $2,555 per month, while the second unit is a studio apartment producing $2,200 per month. The ground-floor retail store pays $2,500 per month, and also benefits from access to the finished basement for storage or operational use.Situated on a 21 ft x 131.17 ft lot, the building footprint measures 18 ft x 55 ft, offering efficient use of space while still providing valuable rear parking for up to four cars-a highly desirable feature for both residential tenants and commercial use.With stable income already in place, this property presents a turnkey investment opportunity with strong rental revenue and mixed-use versatility.Property Highlights:Mixed-use building (Residential + Retail)Monthly Income: $7,255Annual Income: $87,0603 Bedroom Apartment: $2,555/monthStudio Apartment: $2,200/monthRetail Store: $2,500/monthFinished basement used by store4-car parking in rearLot Size: 21 ft x 131.17 ftBuilding Size: 18 ft x 55 ftPerfect for investors seeking steady income or end-users looking to own a property with built-in revenue.
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Listing By
Agency Name: 5 Boro Realty Corp
Agency Contact: 917-705-0005
Shown By
Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902
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19803 Hollis Avenue | MLS# 966259
This commercial property located at 19803 Hollis Avenue, Flushing, NY 11412 is currently listed for sale with an asking price of $1,265,000. Search Flushing real estate on www.laffey.com today.